Allspring Global Investments Holdings LLC Increases Holdings in ADT Inc. (NYSE:ADT)

Allspring Global Investments Holdings LLC grew its stake in shares of ADT Inc. (NYSE:ADT) by 13,736.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,912 shares of the security and automation business’s stock after purchasing an additional 15,797 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ADT were worth $111,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in ADT by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock valued at $1,245,000 after buying an additional 1,343 shares during the last quarter. Highland Capital Management LLC lifted its stake in shares of ADT by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 29,453 shares of the security and automation business’s stock valued at $204,000 after buying an additional 1,810 shares in the last quarter. Sanctuary Advisors LLC raised its stake in ADT by 10.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,745 shares of the security and automation business’s stock valued at $164,000 after purchasing an additional 2,112 shares during the period. New York State Teachers Retirement System grew its stake in ADT by 12.9% during the third quarter. New York State Teachers Retirement System now owns 26,674 shares of the security and automation business’s stock valued at $193,000 after acquiring an additional 3,054 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of ADT by 46.9% in the third quarter. KBC Group NV now owns 10,577 shares of the security and automation business’s stock worth $76,000 after buying an additional 3,375 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADT. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $9.00 price objective on shares of ADT in a research note on Wednesday, January 29th. Morgan Stanley increased their price target on ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

ADT Stock Up 2.8 %

ADT stock opened at $7.59 on Wednesday. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 8.24 and a beta of 1.50. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.81 and a quick ratio of 0.64. The business has a fifty day moving average price of $7.25 and a 200-day moving average price of $7.29. ADT Inc. has a 1-year low of $6.10 and a 1-year high of $8.25.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.